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...This post has been amended to correct the percentage increase in the S&P 500 on Thursday...
...This story has been amended to correct the percentage increase in the S&P 500 on Thursday...
...The S&P Global flash UK composite output index rose to 54 in April from 52.8 in March, well above the 52.6 forecast by economists polled by Reuters, according to data released on Tuesday....
...The S&P 500 has yet to eclipse its intraday high for 2023, which was reached in July. The Nasdaq Composite rose 0.6 per cent on Friday to a four-month high....
...The S&P 500 closed at a record high on Wednesday as tech stocks led a broad rally in the benchmark US index....
...The S&P 500 notched a record high close on Wednesday as tech stocks led a broad rally in the benchmark index....
...The S&P 500 briefly touched the 5,000 mark for the first time within the final seconds of Thursday’s session, but was unable to close above the threshold....
...If the gain holds, it would mark the S&P 500’s first-ever close above 5,000. The tech-heavy Nasdaq Composite gained 0.5 per cent....
...The benchmark index was up 0.8 per cent on Wednesday afternoon, hovering a few points below the 5000-point mark....
...Contracts tracking the benchmark S&P 500 and the tech-heavy Nasdaq Composite were down 0.7 per cent and 1.3 per cent, respectively, ahead of the New York trading session....
...S&P 500 dividend yields went as high as 9.2 per cent in the first quarter of 1938, according to S&P Dow Jones Indices. Even IPOs paid them, as I read to my surprise in Peris’s book....
...mark the end of the technical recession in the second half of last year....
...Despite the woes of its manufacturers, Germany’s PMI reading rose above the 50 mark that separates growth from decline for the first time in 10 months....
...This was the first time the PMI has posted above the 50 mark that separates expansion from contraction since July 2022....
...However, the ninth consecutive reading below the 50 mark that separates contraction from expansion indicates the eurozone economy is likely to grow at best only tepidly at the start of this year after stagnating...
...The benchmark S&P 500 was down 1 per cent shortly after the opening bell in New York, with particularly steep declines for rate-sensitive real estate stocks....
...Stocks in the US eked out a positive finish on Wednesday, leading to an eight-day winning streak for the S&P 500....
...It is the 10th consecutive month that the eurozone has had a PMI reading below the 50 mark that separates contraction from expansion....
...The tech-heavy Nasdaq Composite rose by about the same amount to mark its ninth positive session in a row. Both indices are on their longest run of advances since November 2021....
...MSCI and S&P have put companies linked to the Myanmar junta in their ESG products, as my colleague Patrick Temple-West reports this week. But active funds have questionable holdings too....
...The S&P Global/Cips UK construction purchasing managers’ index, a measure of the health of the industry, rose to 49.7 in February from 48.8 in January....
...It is the 10th consecutive month that the eurozone PMI reading has been below the key 50 mark that separates contraction from expansion....
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...It was the first time the PMI posted above the 50 mark that separates expansion from contraction since July 2022....
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